IIP RECORDS HIGHER NET ASSET POSITION OF RM57.3 BLN IN Q2 - DOSM
KUALA LUMPUR, Aug 14 -- Malaysia’s international investment position (IIP) recorded a higher net asset position of RM57.3 billion in the second quarter of 2020 (Q2 2020) from RM27.1 billion in the previous quarter, according to the Department of Statistics Malaysia (DoSM).
In a statement today, it said the IIP performance in Q2 2020 was mainly contributed by direct investment (31.8 per cent) and portfolio investment (24.3 per cent).
DoSM said international reserves stood at RM443 billion in Q2 2020 against RM440 billion in the preceding quarter.
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said foreign direct investment (FDI) in Q2 2020 slowed to RM2.2 billion from RM6.4 billion in the previous quarter due to the lower investment in the manufacturing sector.
"The FDI in this quarter was primarily from the Netherlands, British Virgin Islands and Singapore in mining and quarrying, financial and utilities," he said.
On the other hand, he said direct investment abroad (DIA) expanded to RM3.5 billion in the period under review with the main destinations being Indonesia, Canada and the United Kingdom and channeled to the financial, manufacturing as well as information and communications sectors.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 IFLIX channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
